Stock Picks – Consumer Retail Sector – June 2010



consumer-retail

We are OVERWEIGHT on the retail sector. Besides the favorable outlook, the sector is one of the highest dividends yielding, which makes it a good pick in anticipation of a volatile 2H10. Our top pick is Parkson Holdings (PHB) (BUY, TP 6.75), which is poised to ride on the strong recovery in China’s domestic consumption and Zhulian (BUY, TP RM3.77), given its solid fundamentals compared to its peers, as well as its attractive dividend yield.

Below are the target price for consumer product sector.

Stock Price (RM) Target (RM) Rating
AEON 4.90 5.62 Buy
Amway 7.65 10.79 Buy
Bonia 1.03 1.54 Buy
Hai-O 4.18 5.03 Buy
Multi-Sports 0.44 1.17 Buy
NTPM 0.59 0.54 Neutral
Padini 3.80 4.65 Buy
Pelikan 1.14 0.93 Sell
Parkson 5.55 6.75 Buy
Zhulian 2.82 3.77 Buy


Source : OSK Research


Leave a Comment

  • Polite Market 5th July, 2010, 11:52 pm

    I have Bonia and NTPm in the list. Market so bad.
    Going to buy a counter within this one two weeks, but not sure what to buy.

    Reply
    • 1mdb.com 6th July, 2010, 5:20 pm

      I only have Pelikan. Start to look at Bonia & Multi Sports too.

      Reply
  • francis 22nd July, 2010, 6:02 pm

    is it encourage to buy Haio? coz the price went down..

    Reply
    • 1mdb.com 25th July, 2010, 5:37 am

      Hi, sorry. HaiO is not in my watchlist.

      Reply